Profit rises in second quarter for Netflix
18 Jul 2025 03:17pm
In the third quarter, Netflix expects revenue growth of 17 per cent, driven by growth in members, pricing and advertising revenue, it said in a letter to shareholders. - AFP file photo
WASHINGTON - The profit of the United States (US) based video streaming service provider Netflix rose in the second quarter, the company said on Thursday, reported German Press Agency (dpa).
The company's revenue for the period rose 15.9 per cent to US$11.08 billion, from US$9.56 billion last year. In the third quarter, Netflix expects revenue growth of 17 per cent, driven by growth in members, pricing and advertising revenue, it said in a letter to shareholders. - AFP file photo
The company's bottom line totalled US$3.125 billion, or US$7.19 per share. This compares with US$2.147 billion, or US$4.88 per share, last year.
In the third quarter, Netflix expects revenue growth of 17 per cent, driven by growth in members, pricing and advertising revenue, it said in a letter to shareholders.
While it no longer provides information about the number of customers, the company said members watched over 95 billion hours on Netflix in the first half of the year, a 1 per cent increase year over year.
It highlighted that series including "Squid Games," "Ginny and Georgia" and "Mad Unicorn" as popular watches throughout the quarter.
German film "Exterritorial" is Netflix's fourth most popular non-English language film on the service, with 89 million views, the company added. - BERNAMA-dpa
More Like This
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
Netflix shares drop as revenue forecast leaves investors unimpressed
FILE PHOTO: A man stands next to a logo of Netflix during an event in Mumbai, India, February 29, 2024. REUTERS/Francis Mascarenhas/File Photo (Reuters) -Netflix shares declined more than 5% in early trading on Friday, as investors were disappointed by the streaming giant's revenue forecast raise being driven by a weaker dollar instead of strong customer demand. The stock has nearly doubled in value in the last 12 months, pushing Netflix's market value above $540 billion, more than the combined worth of Disney, Comcast, and Warner Bros. Discovery. The streaming platform on Thursday raised its 2025 revenue outlook and expects to be in the range of $44.8 billion to $45.2 billion, broadly helped by a weaker dollar, compared to its previous forecast range of $43.5 billion to $44.5 billion. "Better-than-expected quarterly results and upgraded full-year revenue and cash flow guidance weren't enough to keep investors happy," said Dan Coatsworth, investment analyst at AJ Bell. Investors were disappointed because the improved revenue outlook was driven by foreign exchange factors rather than stronger customer demand, Coatsworth said. Disappointment over the forecast overshadowed a quarterly profit beat that was fueled by the success of the final season of 'Squid Game'. Netflix shares, which have gained about 43% so far this year, currently trade at 43.8 times the estimates of its earnings for the next 12 months, compared with Disney's 19.57 and Comcast's 7.71."The muted response to Netflix's share price... may be down to its lofty valuation," said Kathleen Brooks, research director at XTB. With subscriber growth slowing after the pandemic-era surge, Netflix has shifted its focus to ramping up advertising revenue to reshape its business model. The company is expanding its ad-supported tiers, implementing targeted ad placements, and working on live sports events to attract advertisers. "As Netflix ramps up its advertising revenues combined with underlying strength in the core business, we see a strong runway to drive higher monetization of its engagement," analysts at MoffettNathanson said. At least 16 analysts raised their price targets on the stock following results, bringing the median target to $1,365, as per data complied by LSEG. (Reporting by Joel Jose and Siddarth S in Bengaluru; Editing by Leroy Leo)
The Star
2 hours ago
- The Star
Weekend for the arts: 'Persiapan Seorang Aktor' theatre, Jemimah Wei KL tour
THEATRE: 'PERSIAPAN SEORANG AKTOR' Venue: Nero Event Space, PJPAC, 1 Utama Shopping Mall Date: ends July 20 Fresh off winning two Boh Cameronian Arts Awards earlier this year - including Best Original Script (for Saat Omar) - Persiapan Seorang Aktor returns this weekend in a new staging by Mask Team and director Syahrul Musa. The Bahasa Malaysia production takes the stage at Nero, PJPac. The 90-minute production features Aloy Paradoks and Fazleena Hishamuddin, joined by acclaimed actor-director Nam Ron for this new run. The play tells the story of a gifted actor whose obsession with greatness slowly eats him alive. Determined to become not just Malaysia's best but the greatest the world has ever seen, he dives into acting with almost religious fervour - quoting theory, living the method, and eventually slipping into isolation, burnout, and depression. At the heart of this unraveling is Nina, his wife, whose quiet devotion brings brief moments of warmth and clarity. Persiapan is both a love letter to the art of acting and a cautionary tale about ego, ambition, and the hidden cost of chasing perfection. Threaded with nods to Hamlet and moving between tragedy and dry humour, the play offers a raw, compelling look at an artist on the edge - and a reminder that even noble dreams can take their toll. Audiences have responded warmly, but if you're hoping to see it, better act fast - only a few nights remain. More info here. THEATRE: 'US A JOURNEY OF LOVE, LOSS & BELONGING' Venue: Pentas 2, KLPac Date: ends July 20 When the lights dim in Us: A Journey Of Love, Loss & Belonging, two characters step onto a bare stage. There's no physical intimacy, no grand gestures, no swelling music – just raw, deliberate dialogue as they try to understand each other and themselves. Written and directed by Fa Abdul, Us is playing at Pentas 2, KLPac in Kuala Lumpur this weekend (July 19 and 20). The play, which made its debut in Penang last month, doesn't promise fairytale endings. Instead, it offers something far more rare: honesty. Starring actors Karam Tabba (a Syrian-born performer) and Lauren Tan (a lawyer, writer, tutor), the play follows Mark and Anna – two emotionally guarded souls bound by deep connection and deeper fear. Ivan Gabriel, a Penang-based artist, actor, and curator, makes a special appearance. As Mark and Anna navigate the tension between closeness and self-preservation, they must confront the emotional walls they've built - can love bridge the gap, or will fear pull them apart? Us is presented by Big Nose Productions and KLPac. More info here. JEMIMAH WEI KL BOOK TOUR Venue: various KL bookstores Date: July 19 and 20 Don't miss out on the chance to meet US-based Singaporean author Jemimah Wei as she visits several bookstores across Kuala Lumpur this weekend: Books Kinokuniya KLCC (July 19), Tsutaya Books Pavilion Bukit Jalil (July 19) and MPH Bookstores The Exchange TRX (July 20). After book tours in the US, Britain and Singapore, Wei is now bringing her newly released debut novel The Original Daughter to Malaysian readers. The book - a project that took the 33-year-old writer over a decade to complete and publish - traces the making and unravelling of family ties against the backdrop of turn-of-the-millennium Singapore. From hiding childhood secrets in biscuit tins to grappling with millennial coming-of-age anxieties, join Wei as she dives into her debut novel and answers questions from readers. More info here. Traditional stage costumes on display at the Chinese Opera exhibition at Muzium Negara, Kuala Lumpur. Photo: The Star/Art Chen CHINESE OPERA EXHIBITION: AN INTRODUCTION AND A REMEMBRANCE Venue: Galeri 1, Muzium Negara, Kuala Lumpur Date: ends Sept 8 The newly opened Chinese Opera Exhibition: An Introduction And A Remembrance at Muzium Negara in Kuala Lumpur takes visitors into the vivid world of traditional Chinese opera – with its legendary tales, striking costumes, delicate props, and timeless music. This showcase is a collaboration between Muzium Negara and the Pat Woh Association Malaysia, a KL-based group known for preserving and promoting Cantonese opera. It also how Malaysian Chinese opera draws from the Xiqu tradition, blending stylised acting, singing, graceful movement, and symbolic props. Visitors can also learn about Malaysia's own opera legends – Siew Chan Wan (1919–2022) and Choo Sau Ying (1927–2003) – whose dedication kept the art form alive for future generations. Choy Him Heong, now 92, continues to be a living link to this enduring tradition. From ornate headgear to hand-painted backdrops, intricate musical instruments to archival photographs, each display – there are more than 90 exhibits – reminds us how Chinese opera has long served as both entertainment and living heritage for generations of local communities. More info here. Visitors view Pangrok Sulap's 'Cahaya Adalah Kehidupan' (2022), a woodcut on blackout fabric, at the Sabahan collective's 'The Sound Of Salience' exhibition at Tali Art Gallery, Petaling Jaya. Photo: The Star/Chan Tak Kong EXHIBITION: PANGROK SULAP's 'THE SOUND OF SALIENCE' Venue: Tali Art Gallery, Petaling Jaya Date: ends July 20 It's the last weekend to catch the exhibition at Tali Art Gallery, showcasing Sabahan collective Pangrok Sulap's bold woodcut works - from pieces dating back to 2017 to a newer series developed in Hong Kong. Titled The Sound Of Salience , the exhibition presents eight main works and assorted prints that showcase Pangrok Sulap's signature fusion of social commentary and participatory printmaking. Renowned for using art as a vehicle for social commentary, the collective's works serve as a bridge between communities and pressing issues like climate change, land rights, cultural identity, and sovereignty. It's been increasingly difficult to catch the group's work in the Klang Valley, as Pangrok Sulap has been actively involved in residencies and exhibitions abroad - most recently with a strong showing at the University of Tennessee in the United States in March, and a community art festival in Patani, southern Thailand last month. Formed in 2010, Pangrok Sulap is made up of artists, musicians, printmakers, and activists. Free admission exhibition. More info here. Lyne Ismail at her painterly debut exhibition 'Cat Town: Energy, Matter, And The Art Of Becoming' at Temu House, Petaling Jaya. Photo: The Star/Azman Ghani EXHIBITION: LYNE ISMAIL'S 'CAT TOWN: ENERGY, MATTER, AND THE ART OF BECOMING' Venue: Temu House, Petaling Jaya Date: ends July 27 Cat Town: Energy, Matter And The Art Of Becoming brings science and art into thoughtful, immersive dialogue. Visual artist, material scientist, and academic Lyne Ismail invites viewers to explore abstraction, sensory perception, and expansive ideas through the lens of resonance and transformation. On view is a new series of large abstract paintings alongside a live cymatic installation, where water responds to sound and vibration by forming intricate, mandala-like patterns. By making resonance visible, Lyne encourages viewers to feel their way into meaning, rather than decode it intellectually. The exhibition also expands on her book Musings Of The Spring Water, launching in tandem with the show. Together, they offer a sensory and reflective journey into energy, intuition, and the act of becoming. More info here.
Free Malaysia Today
2 hours ago
- Free Malaysia Today
Wall Street futures edge up as optimism over economy offsets Netflix's fall
The S&P 500 and the Dow are on track for only modest advances this week, as investors navigate a swirl of mixed signals. (AP pic) NEW YORK : US stock index futures inched higher today, buoyed by signs of a resilient US economy, even as Netflix's market-beating quarterly profit failed to dazzle investors. At 5.30am, S&P 500 E-minis were up 8.75 points, or 0.14%, Nasdaq 100 E-minis were up 33 points, or 0.14%, and Dow E-minis were up 66 points, or 0.15%. Wall Street's winning streak continued overnight, with the S&P 500 and the Nasdaq notching fresh record closes after upbeat data on retail sales and jobless claims signaled a healthy US economy. The data gives the Federal Reserve (Fed) some breathing room to assess the inflationary effects of US tariffs. Netflix rode the success of 'Squid Game' to top earnings estimates and boost its revenue outlook for the year. Yet, the streaming giant's shares slipped 1.5% in premarket trading. It has risen 43% this year. All eyes remain on whether President Donald Trump's tariff measures are starting to ripple through the economy. The Fed has signaled it will stay the course on interest rates until it sees clearer signs of how higher import taxes are shaping inflation. Traders now put the odds of a rate cut in September at about 56.3%, with a July move nearly off the table, according to CME's FedWatch tool. 'This week's data supports the wait-and-see camp on the Fed. 'Tariffs are percolating to consumer prices but is not withholding households from opening their wallets,' said Kenneth Broux, head of corporate research and rates, at Societe Generale. Fed governor Christopher Waller signaled yesterday that mounting economic risks and tame inflation have him backing an interest rate cut by this month's end, downplaying concerns that tariffs will fuel lasting price hikes. As the second-quarter earnings season gets underway, early results from 36 S&P 500 companies that reported, more than 80% have topped Wall Street's earnings expectations, according to LSEG I/B/E/S data. The S&P 500 and the Dow are on track for only modest advances this week, as investors navigate a swirl of mixed signals – robust retail sales, a spike in consumer inflation, and a stall in producer prices for June. Cryptocurrency stocks rose after the US House of Representatives passed a bill that would develop a regulatory framework for cryptocurrencies. Robinhood Markets and Coinbase Global gained 1.9% each, while Bitfarms rose 2.8% and Hut 8 advanced 1.3%.
